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Depending on which province your caisse is located in, deposits in each caisse are guaranteed3 by the Autorité des marchés financiers or the Deposit Insurance
Corporation of Ontario, subject to their prescribed conditions.

Desjardins caisses in Quebec are registered with the Autorité des marchés financiers, in conformity with the terms of the Deposit Insurance Act. In Ontario, deposits in registered savings plans are insured
for their total amount by the Deposit Insurance Corporation of Ontario (DICO). Other deposits in Canadian dollars are insured up to $100,000. To learn more about deposit insurance, visit the websites of the Autorité des marchés financiers and the Deposit Insurance Corporation of Ontario.

3. This guarantee does not apply to money invested in mutual funds or other investment vehicles whose value and returns fluctuate depending on market performance, such as stocks, bonds and Treasury bills, to name a few.

Compare TFSAs and RRSPs

TFSAs and RRSPs are 2 different registered savings plans that allow you to save money tax-free.

TFSAs : Save for a specific goal

RRSPs : Save for retirement

A TFSA is a registered savings plan that allows you to put money aside tax-free to reach short-term goals throughout your life. It is useful for :

renovating your home

buying a car

starting a business

taking a trip

An RRSP is a registered savings plan that allows you to build tax-free retirement savings while also reducing your tax load at the time of contribution. It is useful for :

saving for retirement

buying or building your first home

financing your education

There may, however, be exceptions to these rules :

TFSAs may sometimes be better than RRSPs to save for retirement.

Borrowing from your RRSP to buy a home through the Home Buyer's Plan is often a very effective strategy.

A TFSA may also be useful when you have contributed the maximum to your RRSP and are seeking an additional tax deduction.

Determining which plan is better for you can be complex. Discuss it with your Desjardins advisor.

TFSA and RRSP comparison chart

TFSA

RRSP

Contribution deadline

January 1 to December 31 of current year

Febuary 29, 2016

Age limit

None

The year of your 71st birthday

Contribution amount

Annual maximum:

2009 to 2012: $5,000

2013 and 2014: $5,500

2015: $10,000

2016: $5,500

18% of income earned the preceding year, up to $24,930 in 2015 and $25,370 in 2016.

1. Following changes recommended by Finance Canada, withdrawals of overcontributions, non-qualified investments and amounts attributable to swap transactions, or of any related investment income, do not create additional TFSA
contribution room. Some of this income will be taxed at 100%.

Where can I find information about my TFSA contribution room?

Individuals can find their TFSA contribution room details in the My Account section of Revenue Canada's website and on their previous year's assessment notice. However, assessment notices are normally available some weeks after the annual tax return is filed,
between March and June. Therefore, it is strongly recommended to manage your contributions carefully, as contributions made at the beginning of the year will not appear on your assessment notice.

How is the TFSA different from a chequing account?

The TFSA is a registered savings plan regulated by the federal government. Therefore, it is important to comply with the rules, particularly regarding the annual allowed contribution limit. If you withdraw from and contribute to your TFSA in 2015, be
careful that your total 2015 contributions do not exceed the allowed limit, as you cannot redeposit the withdrawn amounts in your TFSA until 2016.

Advice

The information provided here is for demonstration purposes only, and is not a substitute for a professional advice.
Before making investment decisions, you are advice to speak with your caisse advisor ou your account manager at a Desjardins Business centre.
The information contained in this section should in no way be considered an advice or a recommendation by Desjardins Securities Inc.or Disnat.